 Why don't we just have a 15% income tax across the land with no exemptions? |
SORRY - To all those who are so privilaged, they live off the fat of the land. Think of it as bad for the heart.
Additional Details
This way the people who make less, would pay less. <... |
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 If I wait until 2009 to deposit a commission check, do I pay taxes in 2008 or 2009? |
| I earned a commission (realtor). Do I pay taxes the year it was earned or the year it is deposited into the bank? Would love to include it in 2009 taxes. We're really struggling.... |
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 Why are people who are not getting the stimulus package rebate so angry? |
Don't they realize that the basic purpose of this rebate is not to help them pay their bills, or make ends meet, or help them afford school, or anything like that.
The only purpose is ... |
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 Can anyone talk me through the self assessment tax process? |
| Am working freelance for about 3 months, and am absolutly clueless when it comes to practical financial matters, I would be sooo grateful if someone could post up step by step instructions about what ... |
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 If married for 6 months of the year and now divorced, how do I categorize myself for filing taxes? |
I know that I should consult a tax specialist (and I will), but...
If I was married for 6 months of the year, how do I file my taxes in the US? As a final year of jointly married? M... |
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 Did anyone get their refund? |
Did anyone personally get their refund today or know of anyone that did?
Additional Details
Thats guys. All of your answeres helped, but I found out what was goin on. Because I am ... |
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 What is vat? |
| VAT TREATMENT IN WESTBENGAL... |
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 Does freelancer has to pay taxes? |
| My friend and I are thinking about doing some freelance graphic design. We won't really have a physical office or anything, just a webpage and probably use our cell phone. We haven't really ... |
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 Who owns the Federal Reserve Bank (the USA 's debt in the trillions; we owe this money to whom? |
The Fed. (headed by Alan Greenspan for years till last year). Regulates the interest rate.
Our debt in the trillions of dollars . To whom do we owe this money; if the US is the richest country ... |
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 How can i get around paying the IRS 964 dollars for them not taking enough out through out the year? |
| Im in the military and i do what im told. My wife worked as a DOD employee at a child develpment center on base. They didn't take enough taxes out through out the year so we are stuck oweing ... |
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 Do I need to file income taxes? |
| I recieved almost $6000.00 in Social Security Disability Income, State Disabiltibilty as of 05/06 and $700.00 earned income from my previous employer that was accrued during my medical leave.... |
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 Why is husband's check on hold? |
My husbands last paycheck was garnished because the student loan place claimed he owed money. They called him and let him know it was current now and up to date (After taking over 550.00)
T... |
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Amrit S. | Legal Age To File Taxes? |
Humm... I have no clue, What is the legal "of age" to file income taxes?
Additional Details
This Should Apply To California, In The United States |
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bostonianinmo
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If you have taxable income, at the moment of your birth. The requriement to pay taxes is based upon your income, NOT your age. There are infants who have to file tax returns. Those are filed and signed by their parents, but they are in the child's name. |
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mr. dorkface
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not age... but wages.
find out what the minimal is for your state.... then report. |
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~*WoodSmoke*~ ~Environment~ daBlogPound,Inc
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http://www.irs.gov/pub/irs-pdf/p17.pdf
Pages 7/8 will give you the answer. If you have income at birth that is taxable, your parents must file your income with theirs, or you may choose an individual return. Page 9 will give further instructions to elect to include child's income on parent's return.
good luck & bless |
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Wychdr
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Any age, my 3 kids under ages of 10 file returns every year. They receive income from interest & dividends. I just have to sign the return for them.
Anthony, CPA |
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bold4bs
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1 year old.
My baby boy, Joshua, got a 1099-Misc for $ 10,000 for diaper modeling, and he's only eight months old! |
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idk
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There is no age. It all depends on how much money you earned through wages. Also, you may have to file if you had Capital Gains those are also highly taxable. |
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CPA Diva
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I agree with K somewhat. If you have a job you definately need to file but there are also income levels that determine if you need to file. Look at the IRS website under the topic "Who Should File"
http://www.irs.gov/publications/p17/pt01.html |
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Answer Girl
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Even a one day old baby may need to file taxes if it has income during the tax year. (Say on interest from a bank account opened in the childs name, income can be for many sources other than wages earned.) If required to file or not depends on the amount of income, but it is advisable to file even if you do not have to, just because it starts the clock running on the time the IRS can claim you owe more money due to an error on your part. If you do not file, there is no time limit on when they can claim that you should have filed or owed more in taxes.
It would fall to the childs parent(s) or guardian(s) to be sure that the proper taxes were filed. The State of Califorrnia, for state taxes also has no age limit. It is the amount of income that any taxable entity has that determines if you are required to file or not.
Generally the cut off is $400 for federal taxes. If you make more than this you must file a return unless you are entitled to a refund. Then you do not have to file, but why wouldn't you?
In Califrornia you MUST file a return even if you are due a refund if....
-You are single or not married and your gross income was more than $13,713 or your adjusted gross income was more than $10,970.
-You are married and your combined gross income was more than $27,426 or your combined adjusted gross income was more than $21,940. |
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kelly-il
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I may be wrong but I thought you had to file taxes when you had a job that would report your earnings. |
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Expert
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16 is for working. file free online
http://www.taxbin.com/ |
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